Weave Communications Inc reports results for the quarter ended December 31 - Earnings Summary

• Weave Communications Inc WEAV.N reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of seven analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 1 cents to 3 cents per share.

• Revenue rose 18.6% to $54.17 million from a year ago; analysts expected $53.23 million.

• Weave Communications Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $6.71 million.

• Weave Communications Inc shares had risen by 7.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for Weave Communications Inc is $17.00

This summary was machine generated from LSEG data February 20 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)